By John Richardson US Federal Reserve chair Janet Yellen’s solution for the failed monetary stimulus policies of the last seven years? More of the same, which is a further signal to investors desperate for yield that they have little choice but to spend even more money on risky assets. Don’t blame the investors, by […]
Asian Chemical Connections
The End Of The Economic Supercycle: What To Do Next
By John Richardson THE above infographic explains the end of the economic Supercycle: •During the 1980s/1990s, the BabyBoomers – the largest and wealthiest generation that the world has ever seen – entered the Wealth Creator generation (those aged 25 – 54), when income and spending peak •They powered the SuperCycle. •The world’s largest economy, the […]
A Letter to Janet Yellen: Why People Expect Low Inflation
Last month, Janet Yellen, the chairman of the US Federal Reserve ( see picture on the left), admitted in a briefing to the Economic Club of New York that she was baffled by the lack of strong future inflation expectations amongst the American public. I thus thought it was worth sending an open letter to the […]
What Yuan Depreciation Means
By John Richardson THE truth is that nobody has ever entirely understood the nature of China’s chemicals and polymers demand. During the good times, at the height of China’s credit Ponzi scheme, if you were a sales manager, why ask too many questions? Sales were sales and if mono-ethylene glycol (MEG) ended up stuck in […]